In the last 24 hours, Ethereum saw a substantial on-chain capital inflow of $83 million, hinting at renewed investor interest amid recent market volatility.
According to Artemis data, the net inflow was around $58.5 million, a figure that, when sustained, has historically aligned with long-term price gains for ETH.
At the same time, network fees have notably increased, averaging $200,000 daily, indicating heightened usage and user engagement across the blockchain.
Despite these positive signs, decentralized exchange (DEX) trading volumes on Ethereum have dropped sharply. Volume peaked at $1.529 billion on July 8 but plummeted to approximately $360.9 million shortly after, suggesting uneven activity across protocols.
DefiLlama reports DEX volume fell about 22% in the past week, reflecting weakening sentiment in some areas of DeFi.
Stablecoins on Ethereum have also experienced outflows, with their market cap shrinking by nearly $4.8 billion since early July, currently standing near $149 billion.
This decline coincided with the sharp drop in DEX volume, signaling traders may be reallocating assets or staying cautious.
AMBCrypto highlights that Ethereum's daily transactions have steadily grown to around 2.5 million, up from 1.5 to 1.6 million in 2023, pointing to increased network activity.
Alongside rising total value locked, these metrics suggest Ethereum could be undervalued at its current price near $1,888, with some analysts anticipating significant price appreciation within two to three years.
This material is informational and not financial advice.
